A share price of NOV Inc [NOV] is currently trading at $16.41, up 1.80%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NOV shares have gain 3.53% over the last week, with a monthly amount drifted -2.61%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
NOV Inc [NYSE: NOV] stock has seen the most recent analyst activity on September 25, 2024, when Wells Fargo downgraded its rating to a Underweight and also revised its price target to $16 from $20. Previously, TD Cowen reaffirmed its Buy rating on July 29, 2024, and elevated its price target to $28. On April 29, 2024, TD Cowen reiterated its Buy rating and revised its price target to $26 on the stock. TD Cowen reiterated its Outperform rating and decreased its price target to $30 on February 05, 2024. The Benchmark Company downgraded its rating to a Hold. JP Morgan upgraded its rating to Overweight for this stock on December 08, 2023, and upped its price target to $25. In a note dated October 17, 2023, Barclays downgraded an Underweight rating on this stock but restated the target price of $20.
NOV Inc experienced fluctuations in its stock price throughout the past year between $15.47 and $21.53. Currently, Wall Street analysts expect the stock to reach $19.5 within the next 12 months. NOV Inc [NYSE: NOV] shares were valued at $16.41 at the most recent close of the market. An investor can expect a potential return of 18.83% based on the average NOV price forecast.
Analyzing the NOV fundamentals
Trailing Twelve Months sales for NOV Inc [NYSE:NOV] were 8.89B which represents 6.08% growth. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.17 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.29.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.05 points at the first support level, and at 15.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.62, and for the 2nd resistance point, it is at 16.83.
Ratios To Look Out For
To put it in perspective, the Current Ratio for NOV Inc [NYSE:NOV] is 2.61. Also, the Quick Ratio is 1.64, while the Cash Ratio stands at 0.37. Considering the valuation of this stock, the price to sales ratio is 0.73, the price to book ratio is 1.01 and price to earnings (TTM) ratio is 6.16.
Transactions by insiders
Recent insider trading involved Novak Christy Lynn, VP, Corp. Controller, CAO, that happened on Feb 22 ’24 when 3500.0 shares were sold.
